MCGRATH RENTCORP 4
4 · MCGRATH RENTCORP · Filed Mar 6, 2017
Insider Transaction Report
Form 4
MCGRATH RENTCORPMGRC
ROSE RANDLE F
Sr VP and CAO
Transactions
- Award
Restricted Stock Units
2017-03-02+2,700→ 2,700 totalExercise: $0.00Exp: 2024-03-02→ Common Stock (2,700 underlying) - Other
Restricted Stock Units
2017-03-03−2,600→ 0 totalExercise: $0.00Exp: 2021-03-03→ Common Stock (2,600 underlying) - Award
Stock Appreciation Right
2017-03-02+15,000→ 15,000 totalExercise: $34.57From: 2018-03-02Exp: 2024-03-02→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]The RSUs are subject to a performance based vesting component at the end of a three-year performance period.
- [F2]Unless earlier forfeited under the terms of the performance based RSU, each RSU vests and converts into no less than 10% and no more than 200% of one share of McGrath RentCorp common stock. The RSUs vest 60% at the end of the three-year performance period if the performance goal is satisfied; then 20% vests each anniversary thereafter.
- [F3]20% vests on first anniversary of grant date; 5% vests each anniversary quarter thereafter.
- [F4]Forfeiture of performance based RSUs awarded on 3/3/2014.